KUALA LUMPUR (May 27): The Employees Provident Fund (EPF) (pictured) has bought Sports Direct International Plc’s UK HQ for £120 million (RM640 million), Bloomberg reported based on a story from The Sunday Times of the UK.

It was reported on May 17 that Sports Direct owned by tycoon Mike Ashley was “in advanced negotiations to sell the freehold rights to its property in the town of Shirebrook in central England”.

This also included “a warehouse complex and distribution center, to KWAA Logix Sportivo Ltd for £120.1 million”.

The Sunday Times report also stated that “EPF owns KWAA Logix Sportivo”.

SHARE
SPONSORED CONTENT
Ancubic Harmoni City—A bold new destination for business and lifestyle in Kota Kemuning South

Besides a 1.5km botanical walkway, the project features an impressive 23 pickleball courts, establishing Ancubic Harmoni City as Malaysia’s first township-scale pickleball hub.

read more
RELATED POSTS
  1. EPF ceases to be substantial shareholder in IOI Properties after selling 100 mil shares
  2. EPF ceases to be substantial shareholder in KIP REIT
  3. CIMB Bank to buy 16 properties for RM209.8 mil from major shareholder EPF